Sri Lanka hikes company taxes, says economy in 'sad state'
Sri Lanka's new government Thursday announced hefty taxes on top companies in a bid to raise revenue, accusing the previous regime of fudging the figures and leaving the economy in a "sad state". Finance Minister Ravi Karunanayake also said prices of essential food items would be slashed to cut the cost of living for average Sri Lankans, as he unveiled his government's supplementary budget ...